Cost of Living in Magnolia, KY

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18%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
51%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Magnolia Kentucky National
Cost of living8288100
Groceries9998100
Health care9797100
Housing4970100
Transportation9796100
Utilities9295100
Lifestyle & Entertainment9895100
Household Items9897100
Education & Childcare9694100
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Homes For Sale In Magnolia, KY

property for sale

3760 Highway 566

Magnolia, KY
property for sale

195 Wildlife Rd

Magnolia, KY
property for sale

7661 N Jackson Hwy

Magnolia, KY
property for sale

791 Jones School Rd

Mount Sherman, KY

Cost Of Living Quick Facts

  • The cost of living in Magnolia is 7% lower than the Kentucky average
  • The cost of living in Magnolia is 18% lower than the national average
  • Magnolia housing is 51% lower than the national average
  • Kentucky general sales tax is 18% higher than the national average
  • Kentucky state income tax is 73% higher than the national average

Most Affordable Places to Live in and Around Magnolia

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      Salary Calculator

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      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$73,192$6,099$1,708$2,196
      Renters$66,430$5,536$1,550$1,993

      Kentucky Sales Tax

      State General Sales Tax With Max Surtax
      Kentucky 6% 6%

      Kentucky Income Tax

      State Income Tax (Low) Income Tax (High)
      Kentucky 4.5% 4.5%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      New Hope, KY64973.0%
      Summersville, KY8107921.1%
      Hardyville, KY1848019.5%
      Bonnieville, KY2738119.2%
      Munfordville, KY1,7158218.1%
      Magnolia, KY7218217.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Alta, CA72114141.2%
      Hoboken, GA7218811.8%
      Athol, ID721964.0%
      South Wilmington, IL721945.6%
      Tamms, IL7218019.9%
      Magnolia, KY7218217.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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